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Followers: 46

Q3 2020 Metro completed a strong Q3 2020 logging CAD5,835 million in sales, 11.6% sales growth from the same period prior year. Growth largely came from a 15.6% increase in food same-store sales. Food same-store sales were driven by food basket inflation of approximately 3.0% (vs. 2.5% in 2019). ...

Blogs

 
Followers: 46

Q3 2020 Metro completed a strong Q3 2020 logging CAD5,835 million in sales, 11.6% sales growth from the same period prior year. Growth largely came from a 15.6% increase in food same-store sales. Food same-store sales were driven by food basket inflation of approximately 3.0% (vs. 2.5% in 2019). ...

 
Followers: 27

For the first time since going public in 2014, Wayfair turned a profit in Q2. Not only did the retailer at least break even this quarter, it posted a profit of USD273.9 million, 6.4% of total revenue compared to the USD285.9 million loss in the previous quarter that was the equivalent of 12.3% ...

 
Followers: 496
BLOG POST

What’s next for hypermarkets?

10 Aug 2020  By: Ray Gaul

Retailing in the Week Ahead, Week 33 There’s an old saying that during recessions investors rebalance their portfolios to have a higher percentage of reliable, rather than volatile, investments. Yes, by this they mean gold. Yes, blue chip. Yes, consumer staples. Yes, blue chip consumer ...

 
Followers: 164

CVS Health closed its second quarter with another set of positive results, finding growth in most of its segments despite a global pandemic. Total revenues grew 3.0% versus a year ago, ​rising to $65.3 billion, as it outpaced the $64.23 billion expected by analysts. In the Retail/LTC segment, ...

 
Followers: 46

Ahold Delhaize USA finished the first half of its fiscal 2020 with immense year-over-year growth, thanks to both COVID-19 and a comparably low 2019. The retailer has rededicated its focus on sustainability and online growth and raised its annual outlook. Q2 2020 Review Net sales for the second ...

 
Followers: 219

The past few months have been a rollercoaster for the beauty industry, from store closures, to an exponential surge in online sales, to shoppers slowly returning to a beauty world that looks very different than it did when 2020 began. By and large, Ulta Beauty has weathered this storm as well ...

 
Followers: 345

7-Eleven’s vison for its food service business and the capabilities needed fundamentally changed following the acquisition of Laredo Taco Company in 2018. 7-Eleven acquired it through a complicated $3.3 billion deal with Sunoco, which included 1,000 Stripes stores, a regional c-store chain ...

 
Followers: 21

Entry-level brand products under the name ‘Simpl’ have appeared in Carrefour stores in Belgium WHEN as part of a reorganization of the retailer’s basic lines that will be introduced across several Carrefour markets. According to a Carrefour Belgium spokesman, Simpl is the name ...

 
Followers: 496
BLOG POST

Up and Down retailing

3 Aug 2020  By: Ray Gaul

Retailing in the Week Ahead, Week 32 Since the pandemic began to pinch the economy in March 2020, a simple rule has been the MO - modus operandi - in business: If something is going up, something else is going down. This would be manageable, except that every single week of 2020 has been ...

 
Followers: 145

Amazon reported a record-breaking 40% increase in net sales for Q2 at USD88.9 billion, attributed to the pandemic-driven shift to online shopping. Operating income was up 89% to USD5.8 billion, despite the retailer spending over USD4 billion on COVID-related expenses. Operating cash flow increased ...

 
Followers: 13

Amazon’s annual Prime Day sale, which began in 2015 and typically occurs in July, has become a keystone event on the retail calendar. Due to the COVID-19 pandemic, the online giant has postponed this year’s event, but has yet to confirm an exact alternative date. The company is ...

 
Followers: 117

High street fashion giant Next has reported its second-quarter trading results, characterised by improvements in most areas, with year-on-year sales declines ahead of forecasts. Full priced sales for the business declined by 28% on the year, reflecting store closures that impacted half the period ...

 
Followers: 247

The conditions surrounding this year’s back-to-school season are unprecedented. Its trajectory and performance are closely interwoven with the effect of COVID-19 on school reopenings and the government guidelines that accompany it. When schools will open, how schools will open, and how ...

 
Followers: 43

Albertsons Companies posted unprecedented growth in Q1 2020 as shoppers focused on eating at home and stocking their pantries due to the COVID-19 pandemic. Sales and other revenues rose 21.4% to $22.8 billion for the 16 weeks ending June 20, 2020, compared to $18.7 billion in Q1 2019. This increase ...

 
Followers: 164

The retail world is abuzz with news that Stefano Pessina, CEO of Walgreens Boots Alliance, has decided to step down from his role and will assume a position as executive chairman of WBA following the selection of a new CEO. While Pessina’s role was always somewhat vague – how much ...

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